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| AvalonBay Communities Announces 2003 Annual Meeting Details |
ALEXANDRIA, Va., March 6 /PRNewswire-FirstCall/ -- AvalonBay Communities, Inc. (NYSE: AVB; PCX) announced today that its 2003 Annual Meeting will be held on Wednesday, May 14, 2003 at 10:00 AM. Stockholders of record of the Company's common stock as of the close of business on March 17, 2003 are entitled to vote at the Annual Meeting. The meeting will be held at the Ritz- Carlton Marina del Rey, 4375 Admiralty Way, Marina del Rey, California 90292. The phone number of the Ritz-Carlton Marina del Rey is (310) 823-1700. About AvalonBay Communities AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently owns or holds an ownership interest in 149 apartment communities containing 43,608 apartment homes in eleven states and the District of Columbia, of which 12 communities are under construction and two communities are under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring and managing luxury apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com .SOURCE AvalonBay Communities, Inc.
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CONTACT:
Alaine Walsh, Director of Investor Relations,
of AvalonBay Communities, Inc., +1-703-317-4632
